Press release
Global Liquid Applied Membranes Market Analysis and Forecast by 2023: Industry Trends, Growth Opportunities, and CAGR 8.1% Projections
Liquid Applied Membranes Market
Liquid applied membranes (LAM) are a type of waterproofing material that is applied as a liquid and cures to form a durable, continuous membrane. They are used in a variety of applications, including roofing, foundations, balconies, parking decks, and bridges. The liquid applied membrane market is a growing industry due to the increasing demand for waterproofing solutions in construction and infrastructure development.
Market Size and Growth:
According to a report by Persistence Market Research, the global liquid applied membranes market size was valued at USD 16.8 billion in 2015 and is expected to reach USD 24.8 billion by 2023, growing at a CAGR of 8.1% during the forecast period.
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A large market for repair and rehabilitation, which can be solved by liquid applied membranes, is being created by the use of subpar construction materials in the past, followed by inadequate maintenance of the building structure. The market for liquid applied membrane is driven by repair and restoration projects to an extent of 40-45%. Additionally effective at minimising concrete fractures, liquid applied membranes are in high demand all over the world.
The need for durable and sustainable infrastructure development has been recognised by governments of both developed and developing nations. The demand for green buildings is being sparked by this, which is creating a significant market opportunity for liquid applied membranes.
Market Segmentation
On the basis of types or segment, liquid applied membrane is broadly classified into: Cementitious, Bituminous, Polyurethane, and Polyurea membrane. Cementitious membrane accounted for a majority share in the overall liquid applied membrane market.
Easy maintenance and less sophisticated technologies as compared to other polymer modified LAMs is driving the growth of cementitious membrane globally. Low prices and good mineral content of cementitious membrane is also pushing its growth over other liquid applied membranes.
Regional Outlook
Improving infrastructure and increasing infrastructural spending coupled with rising disposable income of average consumers is expected to drive the liquid applied membrane market in North America, which was the largest market in 2013.
Due to growing industrialization and urbanization in developing countries such as India and China, growth in Asia Pacific is expected to be the highest in the next few years and Asia Pacific is expected to be the largest market for liquid applied membrane by 2020.
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A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
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Key Players
Some leading global players operating in the liquid applied membrane market include Sika AG, Pidilite Industries, BASF SE, Fosroc International, Chembond Chemicals, and The Dow Chemical Company.
This report covers a thorough analysis of:
• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain
Regional analysis includes:
• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)
Report highlights:
• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint
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About us:
The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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